Industry Insights

The global industrial microwave heating equipment market size was valued at USD 890.2 million in 2016. Escalating demand in numerous end-use industries such as paper, food, plastic, wood, and derivatives, and chemical is projected to boost the market over the forecast period. The equipment is used in numerous applications such as drying and sterilizing, tempering and blanching, rubber curing and tire pre-heating, foaming plastic materials, final drying at paper making, drying coated paper and/or synthetic paper, and polymerization.

The market is expected to witness significant growth, which can be attributed to the numerous benefits offered by these products. For instance, selective heating minimizes over-processing, scorching, and overheating, promotes a pollution-free environment as there are no byproducts of combustion, and provides instantaneous heating control.

Increased industrialization and stringent government regulations are expected to boost the industrial microwave heating equipment market. Governments across the globe are implementing regulations and guidelines for the safe use of microwaves/RF equipment for industrial processing and for the promotion of energy-efficient products. Such regulations are also expected to have a favorable impact on market demand.

Equipment Insights

The industrial microwave heating equipment market can be segmented into two product categories, namely magnetrons and RF solid state amplifiers. Studies show that magnetrons could be replaced by RF solid-state amplifiers over the forecast period, owing to several benefits offered by the latter. As a result, even though the magnetron segment captured the largest market share in 2016, it is anticipated to grow at a slow rate owing to factors such as uneven heating, drop in quality of end-product, limited shelf life, residual temperature differences, and slow heat transfer.

RF solid state amplifiers are expected to address several drawbacks associated with microwave ovens using magnetrons. The segment is expected to witness rapid growth across several end-use industries, exhibiting a CAGR exceeding 10.0%. This is owing to benefits such as enhanced shelf life (more than 20 years without power attenuation), energy generation at new frequencies with compact form factor, enhancement of product quality, volumetric heating, and instant heat transfer.

End-Use Insights

There has been a high demand for industrial microwave heating equipment from the food industry, owing to which the food industry captured a major market share in 2016. It is projected to expand at a CAGR of close to 7.0% from 2017 to 2025. This growth is attributed to increasing adoption of these products for cooking and foaming, tempering and blanching, mold-proofing, drying and sterilizing, and puffing and vacuum drying processes, among others.

The plastic segment is anticipated to exhibit a CAGR of just over 6.0% over the forecast period. Demand in the industry is expected to increase owing to the usage of industrial microwave heating equipment in numerous procedures such as melting optical fibers with high polypropylene content, drying casting cores, heating epoxide pipes/tubes and heat-shrinkable molded parts, preheating plastic profiles. The chemical, paper, and wood and derivatives industries also utilize the equipment in several processes.

Regional Insights

The European market is expected to witness steady growth over the forecast period, registering a CAGR of over 6.0%. This can be attributed to rapid industrialization and favorable government regulations for the usage of microwaves/RF equipment for industrial processing. Europe, being a technology-driven nation, is anticipated to adopt RF solid-state amplifiers at a faster pace.

Rise in the presence of food, paper, and chemical companies in North America and Asia Pacific has led to increased adoption of industrial microwave heating equipment. In 2016, these regions together accounted for a little over 50% of the total market and are anticipated to grow at a substantial rate over the forecast period. The Middle East and Africa and Latin America are both projected to witness moderate growth over the coming years.

Industrial Microwave Heating Equipment Market Share Insights

The global market includes large-scale and small-scale industrial microwave heating equipment manufacturers. Key players such as Communications & Power Industries LLC, L3 Electron Devices, Muegge GmbH, Richardson Electronics, Ltd., and Toshiba Hokuto Electronics Corporation captured a major share in 2016. These companies invest heavily in research and development to introduce cost-effective and energy-efficient equipment.

Key market players focus on inorganic growth strategies, such as joint ventures and mergers and acquisitions, to sustain the competition and capture a larger market share. Moreover, they maintain their competitive position in this market by offering superior distribution channels and enhanced services.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the industrial microwave heating equipment market report based on equipment, end use, and region: